Are you looking for the best open source inventory management solution but don't know which one to pick? Don't fret. We've compiled a list of open-source inventory systems for people like you.
We know that shipping out orders on time depends on two key things: accuracy and fast processing. But it's hard to achieve any of those things if you use the wrong inventory and warehouse management system. The good news is there are plenty of open-source inventory solutions that any business, regardless of its size, can use. We'll review some of those solutions in this blog.
But before we do first things first:
There are many definitions of open-source inventory and warehouse systems. The easiest one is: open-source inventory software is any system available to individuals and businesses to use for free. What's good about open-source is that you can access its source code and make modifications.
Once you configure it right, use it to manage, track, and process orders. Not only that. Some inventory solutions allow you to store such crucial information as serial numbers, barcodes, costs, and more.
Using open-source inventory and warehouse management solutions offers many benefits to businesses. First, they enable business owners to accomplish all the inventory demands and automate the process.
While it is still possible to manage inventory on a spreadsheet in the first days, you will need software once you start getting more orders. It is a valuable tool to help you and your team manage inventory and ship out orders with little effort. Besides, using open-source inventory management software minimizes the possibility of human errors.
Any company that handles inventory needs a sound inventory system. It doesn't matter if it is raw materials, premium products, or perishable goods. You need a solution that will help you evaluate your inventory and tell you when is the best time to reorder. If you have surplus stock, you will also know and invest more resources in promoting slow-moving products.
Example: Hilton Webber is the owner of Fountain Medical, a company that distributes premium baby products in Africa. Two years ago, Hilton's company started getting more orders. His warehouse team could no longer use a spreadsheet to process inventory, and they needed a solution that could automate the process and minimize human error. So Hilton looked for an open-source inventory system for his business. Things improved as Hilton's team spent less time processing and forecasting.
This point brings us to the following crucial question:
Suppose your core business involves a great deal of handling stock. In that case, you will benefit from using open-source inventory systems, regardless of the kind of inventory or the size of your organization. But for you to benefit from using open-source, you need to pick the right solution.
Types of business operations that need open-source inventory solutions:
Consider one of the following open-source and warehouse management solutions:
PartKeepr will be perfect for any manufacturing business that manages a variety of inventory. It has an easy-to-use interface and is efficient in tracking any inventory. The only problem with it is that if you're unfamiliar with coding, you may not even be able to download the files. But there are plenty of FAQs videos to get you going.
The best part: PartKeepr is open-source software, which means it is free and available to anyone. You can hire a developer to customize it to suit your business's needs.
Partkeepr comes with the following features:
Odoo Inventory open-source is another seamless you should consider. What we like most about Odoo Inventory is that you can integrate it with other applications. When you want to track stock counts, incoming shipments, delivery orders, it is all possible with Odoo.
Odoo Inventory is one of those few versatile free software. You can use it to improve your warehouse's operations and increase your market share. Your warehouse manager can use Odoo Inventory to maximize inventory efficiency and avoid stockouts.
While Odoo has no stock input, output, or transformation options, it is still best for improving processing and tracking inventory.
Odoo comes with the following features:
ERPNext is another open-source inventory that you should consider. It is a 100% open source ERP system can benefit verticals such as manufacturing, distribution, retail, and healthcare. There is a lot that you can use with ERPNext. You can track inventory levels, plan your manufacturing, do forecasts, and do tax calculations.
The system is user-friendly, so your team won't have trouble using it. You can customize ERPNext to suit your business and make changes as your business grows.
ERPNext has the following features that you can explore:
Are you looking for an open-source inventory system that offers SLA? Then it would be best if you considered Snipe-IT. It is an open-source system that you can configure to meet your business needs. You can use Snipe-IT to track licenses, hardware assets, and other accessories. As long as you hire a developer to maintain it for you, Snipe-IT won't disappoint you.
What we like most about Snipe-IT is that it supports Windows, Mac, and Linux operating systems. You can also integrate it with your scanner and print barcodes for your products. What's more, Snipe-IT supports two-factor authentication using Google Authenticator. So you know that all your user accounts will be secure.
Snipe-IT won't let you down whether you want to use it to manage IT assets or inventory. Thanks to its advanced asset management functionality, you can monitor all purchases easily.As a super administrator, you can decide who should access reports and requests.
The core features of Snipe-IT are:
Go for InvenTree if you need an inventory system that helps you manage your inventory with little effort. It is suitable for businesses that are just starting, and you will love it for its easy-to-use interface. You and your team can access inventory level reports and know when is the best time to replenish.
You can run InvenTree on Raspberry Pi SBC and get a straightforward setup with a lightweight SQLite database. Or hire a developer to have on the cloud using MySQL and PostgreSQL to support simultaneous users. This Python and Django tool will save your data in a relational database and serve it via a web browser.
InvenTree features include the following:
Stockpile Inventory is a great inventory management tool that you should consider. It is free for every individual user or business to track and automate inventory management processes. Interestingly, it is quick and straightforward to install, and it will save you time and money and speed up the process of shipping out goods to your customers.
You will get the following features:
Managing inventory right is at the crux of growing a business. Yet, most business owners often forget that tracking and processing orders accurately without an inventory system is challenging. Hence, there are open-source systems that can make all those tasks easy.
Odoo Inventory is one system that any entrepreneur serious about optimizing inventory management should implement. It comes with a myriad of features that will make warehouse management a breeze.
Example: Dennis Maple owns Paying My Bills, a Kenyan distribution company. His company distributes music instruments to retailers. His team struggles to track inventory manually, as customers sometimes order items that are out of stock. Every time warehouse administrators receive an order; they have to hand it to a picker to confirm it is out of stock—the process of checking stock delays Dennis' team to ship out stock on time. Customers start complaining about receiving orders three days later, and others even cancel orders. Come month-end, Dennis and his team are sitting with tons of orders that they have to void.
Then one friend suggested that Dennis implement the Odoo Inventory system. Dennis heeds the advice and hires a developer to configure it to suit his business. Things begin to improve. His warehouse administrators can now use Odoo Inventory to track stock counts, incoming shipments, delivery orders, all with the click of a button.
As you can see, using open-source inventory management has a way of improving processes. But that depends on the IT company you hire to help you deploy the system for you. If you want great results, you won't just hire anyone. But you will go for a reputable company that has been doing it for you.
Are you looking for a developer to help you implement an open-source inventory for your business? Reach out to us now!